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Revenues (Notes)
 6 Months Ended
Feb. 29, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
    The following table presents revenues recognized under Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"), disaggregated by reportable segment, as well as the amount of revenues recognized under ASC Topic 815, Derivatives and Hedging ("ASC Topic 815"), and other applicable accounting guidance for the three and six months ended February 29, 2024, and February 28, 2023. Other applicable accounting guidance primarily includes revenues recognized under ASC Topic 470, Debt, and ASC Topic 842, Leases, that fall outside the scope of ASC Topic 606.
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Three Months Ended February 29, 2024(Dollars in thousands)
Energy$1,621,474 $135,248 $— $1,756,722 
Ag1,478,304 5,824,710 8,097 7,311,111 
Corporate and Other6,387 — 13,260 19,647 
Total revenues$3,106,165 $5,959,958 $21,357 $9,087,480 
Three Months Ended February 28, 2023
Energy$1,993,065 $175,836 $— $2,168,901 
Ag1,849,095 7,270,241 1,134 9,120,470 
Corporate and Other6,787 — 10,690 17,477 
Total revenues$3,848,947 $7,446,077 $11,824 $11,306,848 
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Six Months Ended February 29, 2024(Dollars in thousands)
Energy$4,021,026 $453,636 $— $4,474,662 
Ag3,704,727 12,239,342 19,207 15,963,276 
Corporate and Other13,163 — 27,037 40,200 
Total revenues$7,738,916 $12,692,978 $46,244 $20,478,138 
Six Months Ended February 28, 2023
Energy$4,795,220 $492,987 $— $5,288,207 
Ag4,462,555 14,279,594 11,565 18,753,714 
Corporate and Other12,486 — 18,280 30,766 
Total revenues$9,270,261 $14,772,581 $29,845 $24,072,687 

Less than 1% of revenues accounted for under ASC Topic 606 included within the tables above are recorded over time and relate primarily to service contracts.

Contract Assets and Contract Liabilities

    Contract assets relate to unbilled amounts arising from goods that have already been transferred to customers where the right to payment is not conditional on the passage of time. This results in recognition of an asset, as the amount of revenue recognized at a certain point in time exceeds the amount billed to customers. Contract assets are recorded in receivables within our Condensed Consolidated Balance Sheets and were $21.0 million and $16.2 million as of February 29, 2024, and August 31, 2023, respectively.

Contract liabilities relate to advance payments received from customers for goods and services that we have yet to provide. Contract liabilities of $775.1 million and $240.0 million as of February 29, 2024, and August 31, 2023, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended February 29, 2024, and February 28, 2023, we recognized revenues of $79.2 million and $70.2 million related to contract liabilities, respectively. For the six months ended February 29, 2024, and February 28, 2023, we recognized revenues of $168.8 million and $192.2 million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective period.